Electric Boat Awarded $13m Contract Modification for Sub Work

Tuesday, June 27, 2006
The U.S. Navy awarded General Dynamics Electric Boat a $13.4Mcontract modification for nuclear-submarine work. Electric Boat is a wholly owned subsidiary of General Dynamics. Under the terms of the contract modification, Electric Boat will provide design agent, planning yard, engineering and technical support for nuclear submarines. Electric Boat will also provide planning, scheduling and technical support for submarine maintenance activities. Initially awarded in March 2004, the contract could be worth more than $1.1 billion over five years if all options are exercised and funded. Ninety-one percent of the work will be performed at Groton; 5 percent at Newport, R.I.; and 4 percent at Quonset Point, R.I. Work performed under this modification is expected to be completed by June 2008.

Contracts

ACE Winches Bags Order from Vard

Deck machinery specialist ACE Winches said it has been awarded a spooling contract with Vard Group AS for Norway’s largest construction vessel.   The scope of work includes the spooling of two 3,

Fugro, US Army Corps of Engineers Ink Mapping Deal

Fugro has been awarded a photogrammetric and LIDAR surveying and mapping contract by the U.S. Army Corps of Engineers, St. Louis District, Missouri. The agreement

Nakilat Upgrades VSAT Service for LNG/LPG Fleet

Nakilat, the shipping arm of Qatar’s liquefied natural gas sector, has entered into a contract with Global Eagle Entertainment Inc.’s Emerging Markets Communications

Tanker Trends

Big Tankers' Need for Retrofit Slows Use of New Panama Canal

The promise that some oil traders and brokers saw for an expanded Panama Canal to become a new route for large tankers will take longer to realize than expected

Pressure Mounting on VLGCs Rates - Drewry

A wave of cargo cancellations from the US is putting additional pressure on VLGC rates, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.

Russian Tanker Detained in Malaysia

The Malaysian Maritime Enforcement Agency (MMEA) detained a Russian oil tanker Zolotoi Most along with 25 crew members for anchoring off Tanjung Piai without authorization,

 
 
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